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Pension Made Easy

Nearly 20,000 individuals have currently retired after paying insurance premium for 10 years only, said Mohammad Hassan Zeda, deputy head of Technical and Income Services, at the Social Security Organization. According to a new law passed last year (ended March 20), people who have reached the age of 60 and have paid insurance premium for 10 years can retire and receive pension in proportion to the amount of premium paid, IRNA quoted him as saying.